TRANSKAPITALBANK co-arranged EUR190mln syndicated loan for BELAGROPROMBANK
TRANSKAPITALBANK (TKB) acted as one of the Mandated Lead Arrangers in the syndicated loan transaction amounting to EUR190mln for BELAGROPROMBANK.
The deal is structured as a dual tranche loan with 12 / 18 months tenor. An extension option is also available.
Otkritie Bank also joined this transaction as the MLA. Among other financial institutions participated in this transaction are Russian Agricultural Bank, Promsvyazbank, Gazprombank, AK BARS Bank, Sovcombank, Commercial Indo Bank LLC Moscow and Nefteprombank.
The transaction was welcomed by the market with great interest – the book was oversubscribed for more than three times. The MLAs were pleased to see not only the Borrower’s relationship banks among the lenders, but some new names as well, which had joined the deal for the first time ever.
“This is the 11th syndicated loan transaction co-arranged by TKB and we can notice that more than EUR1,6bln have been injected into the Belarusian economy due to these deals” – commented Elena Shirinskaya, Deputy Chairman of the Management Board – “We are happy that new investors, e.g. a subsidiary of the State Bank of India - Commercial Indo Bank LLC Moscow – agreed to join our deal. We consider it as an evidence of the Borrower’s excellent reputation on the market”.